The Securities and Exchange Commission is facing a lawsuit from a financial industry trade association over its investigation into off-channel messaging, reports ThinkAdvisor. The American Securities Association (ASA) filed the suit in the U.S. District Court for the...
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Regulatory Investigations
SEC hits owner of NYSE with $10 million fine for failures in reporting cyber intrusion
The Securities and Exchange Commission announced that The Intercontinental Exchange, Inc. (ICE) agreed to pay a $10 million penalty for not disclosing a cyber intrusion on a timely basis, according to AdvisorHub. ICE was charged with causing nine wholly-owned...
SEC fines and censures 5 investment advisers over marketing rule violations
The Securities and Exchange Commission announced that it has penalized five registered investment advisers for violations of its marketing rule, AdvisorHub reports. All five firms agreed to settle the SEC’s charges and to pay $200,000 in combined penalties, while also...
SEC charges Senvest Management with widespread recordkeeping violations
The Securities and Exchange Commission announced that it has charged New York-based advisory firm Senvest Management with failing to preserve business-related off-channel electronic communications. The charges involve the period from January 2019 through December...
Judge rules SEC’s lawsuit against Coinbase can proceed to trial
A federal judge has ruled that the Securities and Exchange Commission can move forward with its lawsuit against cryptocurrency exchange Coinbase, CNBC reports. U.S. District Judge Katherine Polk Failla decided that the SEC's case against the company can be heard by a...
